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Estimating the Cost of Leisure Time for Recreation Demand Models

  • Feather, Peter
  • Shaw, W. Douglass

The cost of travel time has commonly been incorporated in recreation demand models as some fucntion of the wage rate. This paper proposes a new methodology of determining the value of leisure time. The proposed method is compared to other alternatives and shown to yield more appropriate welfare measures.

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Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

Volume (Year): 38 (1999)
Issue (Month): 1 (July)
Pages: 49-65

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Handle: RePEc:eee:jeeman:v:38:y:1999:i:1:p:49-65
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622870

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  1. Collings, J. J., 1974. "The valuation of leisure travel time : A note," Regional and Urban Economics, Elsevier, vol. 4(1), pages 65-67, June.
  2. Arthur van Soest, 1995. "Structural Models of Family Labor Supply: A Discrete Choice Approach," Journal of Human Resources, University of Wisconsin Press, vol. 30(1), pages 63-88.
  3. Moffitt, Robert, 1982. "The Tobit Model, Hours of Work and Institutional Constraints," The Review of Economics and Statistics, MIT Press, vol. 64(3), pages 510-15, August.
  4. DeSerpa, A C, 1971. "A Theory of the Economics of Time," Economic Journal, Royal Economic Society, vol. 81(324), pages 828-46, December.
  5. John C. Ham, 1982. "Estimation of a Labour Supply Model with Censoring Due to Unemployment and Underemployment," Review of Economic Studies, Oxford University Press, vol. 49(3), pages 335-354.
  6. V. Kerry Smith & William H. Desvousges & Matthew P. McGivney, 1983. "The Opportunity Cost of Travel Time in Recreation Demand Models," Land Economics, University of Wisconsin Press, vol. 59(3), pages 259-278.
  7. Larson, Douglas M. & Shaikh, Sabina L. & Loomis, John B., 1997. "A Two-Constraint AIDS Model of Recreation Demand and the Value of Leisure Time," 1997 Annual Meeting, July 13-16, 1997, Reno\Sparks, Nevada 35745, Western Agricultural Economics Association.
  8. repec:hoo:wpaper:e-90-11 is not listed on IDEAS
  9. Frank J. Cesario, 1976. "Value of Time in Recreation Benefit Studies," Land Economics, University of Wisconsin Press, vol. 52(1), pages 32-41.
  10. Altonji, Joseph G & Paxson, Christina H, 1988. "Labor Supply Preferences, Hours Constraints, and Hours-Wage Trade-Offs," Journal of Labor Economics, University of Chicago Press, vol. 6(2), pages 254-76, April.
  11. Hellerstein, Daniel & Feather, Peter, 1997. "Calibrating Benefit Function Transfer to Assess the Conservation Reserve Program," MPRA Paper 25357, University Library of Munich, Germany.
  12. Kling, Catherine L. & Bockstael, Nancy & Michael, W., 1999. "Estimating the Value of Water Quality Improvements in a Recreational Demand Framework," Staff General Research Papers 12334, Iowa State University, Department of Economics.
  13. Shonkwiler, John Scott & Shaw, W. Douglass, 1996. "Hurdle Count-Data Models In Recreation Demand Analysis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(02), December.
  14. Bowker, J. M. & English, Donald B. K. & Donovan, Jason A., 1996. "Toward a Value for Guided Rafting on Southern Rivers," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 28(02), pages 423-432, December.
  15. Zabel, Jeffrey E, 1993. "The Relationship between Hours of Work and Labor Force Participation in Four Models of Labor Supply Behavior," Journal of Labor Economics, University of Chicago Press, vol. 11(2), pages 387-416, April.
  16. Bowker, James Michael & English, Donald B.K. & Donovan, Jason A., 1996. "Toward A Value For Guided Rafting On Southern Rivers," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 28(02), December.
  17. Martijn P. Tummers & Isolde Woittiez, 1991. "A Simultaneous Wage and Labor Supply Model with Hours Restrictions," Journal of Human Resources, University of Wisconsin Press, vol. 26(3), pages 393-423.
  18. Hausman, Jerry A. & Leonard, Gregory K. & McFadden, Daniel, 1995. "A utility-consistent, combined discrete choice and count data model Assessing recreational use losses due to natural resource damage," Journal of Public Economics, Elsevier, vol. 56(1), pages 1-30, January.
  19. K. E. McConnell, 1992. "On-Site Time in the Demand for Recreation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(4), pages 918-925.
  20. Nancy E. Bockstael & Ivar E. Strand & W. Michael Hanemann, 1987. "Time and the Recreational Demand Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(2), pages 293-302.
  21. Heckman, James J, 1974. "Shadow Prices, Market Wages, and Labor Supply," Econometrica, Econometric Society, vol. 42(4), pages 679-94, July.
  22. Parsons George R. & Kealy Mary Jo, 1995. "A Demand Theory for Number of Trips in a Random Utility Model of Recreation," Journal of Environmental Economics and Management, Elsevier, vol. 29(3), pages 357-367, November.
  23. Thomas MaCurdy & David Green & Harry Paarsch, 1990. "Assessing Empirical Approaches for Analyzing Taxes and Labor Supply," Journal of Human Resources, University of Wisconsin Press, vol. 25(3), pages 415-490.
  24. Cameron, Trudy Ann & Shaw, W. Douglass & Ragland, Shannon E. & Callaway, J. Mac & Keefe, Sally, 1996. "Using Actual And Contingent Behavior Data With Differing Levels Of Time Aggregation To Model Recreation Demand," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(01), July.
  25. Feather Peter & Hellerstein Daniel & Tomasi Theodore, 1995. "A Discrete-Count Model of Recreational Demand," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 214-227, September.
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